Transfy

  However, mistakes happen. The new year fever dies off sooner than later, and you find yourself slipping back to those old habits. We’ve all been there. And honestly, it hurts sometimes.    But, while we may not be in the best position to save you from career and relationship mistakes. We believe that learning from others' experiences is the best teacher. That is why we have compiled these common financial mistakes, so you don’t make them this year.    With that in mind, here are five financial mistakes you can easily avoid to improve your financial future.   8 Financial Mistakes You Shouldn’t Repeat This Year A new year brings new opportunities to make financial progress. But it also brings new ways to make mistakes that can hold you back. Whether you're a financial beginner or an experienced pro, it's easy to lose sight of the basics and get off track. From budgeting, to spending, down to saving habits, the following examples are the most common financia...

  According to the World Bank's report, remittances in Senegal contributed to over 10% of the GDP, making Senegal one of the largest remittance recipients in Sub-Saharan Africa. In fact, Senegal is the second largest player when it comes to remittance inflows in Africa.    A 2019 World Bank report shows that over 54% of adults in Senegal are still unbanked. Moreover, even with financial inclusion on the rise, the cross-border payment industry in Senegal is far from seamless. Most international transactions are still handled by the old school banks, which can be frustrating, expensive, and slow, to say the least.   On the other hand, remittance inflows are like a lifeline for Africans and the African economy as Africans in the diaspora are always sending money home to friends, family, and other personal projects.    Unfortunately, a large chunk of these remittances are lost to expensive cross-border charges and hidden fees. This is because most of the existi...

Running a business is anything but an easy task, especially when you're a one-man team. You have to wear so many coats, trying to handle all aspects of your business simultaneously. From marketing to sales, down to accounting, and lots more. Imagine having to rush to the bank each time you need a supply from your partners. Or deal with delayed transactions and excessive charges while paying partners across the border. What about missing out on a sales opportunity because an international customer couldn’t pay in your local currency? These are one of the many problems Transfy solves for businesses. you Aside from making cross-border payments seamless and cost-effective, Transfy offers innovative enterprise solutions to help your business grow with easy payments. This post will outline 5 ways Transfy can help your business grow. Keep reading to learn more. But first, let's talk about Transfy's business solution. What Is Transfy? Transfy is a revolutionary payment solution th...

  AFRICA IS THE SECOND-LARGEST CONTINENT IN THE WORLD, WITH OVER 1.2 BILLION IN POPULATION, AND IS PROJECTED TO REACH  1.7 BILLION BY 2030 .  WITH THAT COMES A HIGH DEMAND FOR VARIOUS PRODUCTS AND SERVICES TO SATISFY THE NEEDS OF THE EVER-GROWING POPULATION. NOT TO MENTION A LARGE POPULATION OF THE LABOR MARKET WHO ARE ALWAYS LOOKING FOR NEW AND BETTER JOB OPPORTUNITIES. The eCommerce industry in Africa has grown tremendously over the years. From general merchandise to agriculture, digital products, and services, there are too many business opportunities to go round. Industrialization is also fast growing, with over four hundred companies in Africa closing revenue of $1 billion yearly, even more than their counterparts in the global market.   Albeit, there are numerous e-commerce opportunities in this vast and growing continent. However, starting or expanding your business in Africa is not as easy as just setting up a shop and waiting for the customers to start ...

Francophone Africa does not get the same attention as its counterparts regarding digital payments and cross-border remittance. Africa recorded a remittance in-flow of about $50 billion in 2019 alone, which has grown tremendously over the years. This led to the inception of several fintech solutions and  cross-border payment companies   to facilitate seamless cross-border payments in Africa.    However, this sector is quite untapped in countries like Cote d’Ivoire, Benin Republic, Cameroon, Senegal, etc. Cross-border payments in these countries are largely powered by traditional banks and mobile money services, which are saddled with a fair share of loopholes.      Prolonged paperwork, delayed transactions, account restrictions, and high exchange rates are a few challenges facing  cross-border payments  in Francophone Africa. Other problematic factors include:    Excessive forex cost margins Inefficient bank procedures  Underdev...

Vacationing is a great way to de-stress from the usual hustle and bustle of office work, running a business, and even school work. However, it comes with a lot of budgeting and planning, which can sometimes eat deep into one’s savings. On the other hand, Africa is a lovely tourist destination but with the “tourist’ treatment comes expensive bills and cut-throat charges. With lots of beautiful scenery, delicious meals, and numerous tourist attractions, one can quickly blow up the budget if not careful. Thankfully, this post offers actionable tips on how to plan a trip to Africa on a tight budget. Read along to find out. FAQs On Budget-Friendly Tips to Africa Planning a trip to Africa? These tips will help you make realistic budgets on how to tour Africa without breaking the bank. Is Travelling To Africa Expensive? The cost of travelling to Africa depends on your plan and budget. It can be cheap or expensive depending on what you want and how you want it. However, if you are planning a b...